Bassett, MN is a small town located in the Midwest region of the United States. Home to just over 5,000 people, Bassett offers a peaceful and relaxed atmosphere for both locals and those visiting. For those looking to rent, 2 bedroom apartments can be found in Bassett for an average of $1,080 per month, significantly lower than the national average of $1,430. Grocery costs in Bassett are also favorable with a grocery cost index of 94 compared to the US average of 100.
The city is home to many small businesses offering a range of services including restaurants, shops and service providers. Popular local restaurants include Big Ern's BBQ Pit and Mama Mia Italian Kitchen, while local shopping options include Main Street Boutique and K's Clothing Store. Other amenities available in Bassett include two public parks; Riverview Park and The Green Space Park.
Bassett has an unemployment rate of 4.8%. The US average is 6.0%.
Bassett has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Bassett
- The Sales Tax Rate for Bassett is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Bassett is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bassett
- The average income of a Bassett resident is $20,545 a year. The US average is $28,555 a year.
- The Median household income of a Bassett resident is $78,750 a year. The US average is $69,021 a year.